XML 22 R5.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Apr. 29, 2023
Apr. 30, 2022
Apr. 24, 2021
Income Statement [Abstract]      
Net sales $ 6,471,471 $ 6,499,405 $ 5,912,066
Cost of sales 5,098,526 5,210,318 4,708,936
Gross profit 1,372,945 1,289,087 1,203,130
Operating expenses 1,096,974 1,132,085 992,523
Goodwill impairment 0 0 0
Operating income 275,971 157,002 210,607
Gains on investments 0 101,809 0
Other income (expense):      
Other income, net 27,826 27,731 13,608
Interest expense (33,636) (20,288) (24,284)
Income before taxes 270,161 266,254 199,931
Income tax expense 63,563 64,540 44,822
Net income 206,598 201,714 155,109
Net loss attributable to noncontrolling interests (959) (1,496) (872)
Net income attributable to Patterson Companies, Inc. $ 207,557 $ 203,210 $ 155,981
Earnings (loss) per share attributable to Patterson Companies, Inc.:      
Basic (in usd per share) $ 2.14 $ 2.09 $ 1.63
Diluted (in usd per share) $ 2.12 $ 2.06 $ 1.61
Weighted average shares:      
Basic (in shares) 97,027 97,277 95,599
Diluted (in shares) 97,815 98,514 96,664
Dividends declared per common share (in usd per share) $ 1.04 $ 1.04 $ 1.04
Comprehensive income      
Net income $ 206,598 $ 201,714 $ 155,109
Foreign currency translation gain (loss) (8,788) (19,966) 33,405
Cash flow hedges, net of tax 1,042 1,042 1,042
Comprehensive income $ 198,852 $ 182,790 $ 189,556